The Newswire for Business Lawyers

Schwab Investors To Amend Securities Fraud Complaint

Law360, New York (October 26, 2009) -- A judge has given leave in part to a group of Charles Schwab Corp. investors to amend a class action complaint accusing the bank and several affiliates of committing securities violations by misrepresenting the risk profile of Schwab’s YieldPlus Fund and by improperly changing the fund’s investment policies.

On Thursday in the U.S. District Court for the Northern District of California, Judge William Alsup granted the investors’ requests to amend the complaint to conform to evidence allegedly uncovered...

Login

E-mail
Password
 
  I forgot my login details.

For the whole story, take a 7-day free trial.

Submit your request to try Law360 for free for seven days:

*
*
*
*
*
*
*
*

*Required

Select at least one interest area:*
You will receive Law360's free daily newsletter for the interest area(s) selected..

Appellate
Bankruptcy
Competition
Contract
Corporate Finance
Employment
Energy
Environmental
Financial Services
Health
Insurance
Intellectual Property
International Trade
Product Liability
Securities
Technology
Top News (General Interest)

The only daily news service covering every major practice area of the law.
  • Breaking news available nowhere else
  • More than 66% of articles published before or simultaneously with any other source
  • 44% of articles have critical legal documents attached
  • More than 1,000 columns by leading practitioners published per year
  • More than 20,000 exclusive articles published per year
  • Detailed coverage of 16 major practice areas